The stock market is not the economy in an important way 🌎
Plus a review of the macro crosscurrents 🔀
The U.S. economy is closely related to the U.S. stock market. But that relationship is not perfect in a number of ways.
An important way the two differ is international exposure.
According to FactSet, S&P 500 companies1 generate around 40% of revenue outside of the U.S.2 That means these companies are signific…
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